A share price of Greenlane Holdings Inc [GNLN] is currently trading at $5.91, up 32.81%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The GNLN shares have gain 13.87% over the last week, with a monthly amount drifted -54.68%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Greenlane Holdings Inc [NASDAQ: GNLN] stock has seen the most recent analyst activity on October 01, 2021, when Jefferies initiated its Buy rating and assigned the stock a price target of $6.30. On September 07, 2021, Alliance Global Partners initiated with a Buy rating and assigned a price target of $6 on the stock.
Greenlane Holdings Inc experienced fluctuations in its stock price throughout the past year between $2.05 and $21.80. Greenlane Holdings Inc [NASDAQ: GNLN] shares were valued at $5.91 at the most recent close of the market.
Analyzing the GNLN fundamentals
Trailing Twelve Months sales for Greenlane Holdings Inc [NASDAQ:GNLN] were 29.37M which represents -86.49% decline. Gross Profit Margin for this corporation currently stands at 0.06% with Operating Profit Margin at -0.59%, Pretax Profit Margin comes in at -0.67%, and Net Profit Margin reading is -0.67%. To continue investigating profitability, this company’s Return on Assets is posted at -0.59, Equity is -1.99 and Total Capital is -2.67. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.04.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 4.10 points at the first support level, and at 2.29 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.82, and for the 2nd resistance point, it is at 9.74.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Greenlane Holdings Inc [NASDAQ:GNLN] is 0.96. Further, the Quick Ratio stands at 0.16, while the Cash Ratio is 0.01. Considering the valuation of this stock, the price to sales ratio is 0.13, the price to book ratio is 0.51.
